Want to know about egold

Discussion in 'Payment Processing' started by globalnetworksuccess, Dec 13, 2007.

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  1. #1
    I heard that egold is not like any other payment processor.I came to know that they invest the money in gold deposits. Is that so? If it is true, then what will happen if the price of gold gets hiked. So inturn would we have more money in our balance because of the hiked price? Please clarify my doubt.
     
    globalnetworksuccess, Dec 13, 2007 IP
  2. tzau

    tzau Well-Known Member

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    #2
    e-gold ballance flactuates with the price of gold. If gold price increase you`ll have less money than if it goes down.

    hope it helps
     
    tzau, Dec 13, 2007 IP
  3. hhyosong22

    hhyosong22 Peon

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    #3
    Egold indeed invest the money in gold. As tzau said, today you can have a certain amount of money and tomorrow another one depending on the fluctuation of gold.
     
    hhyosong22, Dec 13, 2007 IP
  4. mohsin_al1

    mohsin_al1 Well-Known Member

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    #4
    ya all depends on gold price
     
    mohsin_al1, Dec 13, 2007 IP
  5. wkhaiaun

    wkhaiaun Peon

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    #5
    I think you guys got it all wrong. When gold price goes up, the same amount of gold you have in the account can be sold for higher price. So when th e global gold price goes up (gold appreciates), that means your account balance will increase.

     
    wkhaiaun, Dec 14, 2007 IP